Creating AdvantageBlog

Month: July 2013

Two former policy makers at the Bank of England said yesterday (July 30) that the UK economy has now reached the “escape velocity” that Bank Governor Mark Carney has said is needed for the economy to grow under its own steam. Read more

Following on from news released last week that growth in the economy doubled to 0.6 per cent in the second quarter of the year, the Centre for Economics and Business Research (CEBR) forecast today (July 29) that GDP will rise by 1 per cent this year. Read more

Business Secretary Vince Cable has slammed the speed at which the banks are paying compensation to firms that were mis-sold financial products, saying the slowness is causing huge problems for struggling businesses. Read more

Figures from the Office for National Statistics (ONS) published today (July 25) reveal that the UK economy grew faster in the second quarter of the year than the first and doubled to 0.6 per cent. Read more

According to data compiled by DHL and the British Chambers of Commerce (BCC), export orders for the UK’s service sector, which accounts for more than three-quarters of economic output, increased for half the firms surveyed in the second quarter of 2013, the highest percentage since records began in 2007. Read more

Speaking on the BBC’s Andrew Marr Show yesterday (July 21), the Prime Minister hinted that taxes might be cut if the Conservative party wins an outright majority at the next general election. Read more

According to the think tank Centre for Cities, towns and cities in northern England have been the worst hit by public sector spending cuts, which is having a knock-on effect on the region’s small and medium-sized enterprises (SMEs), which are dependent on the local economy. Read more

Vince Cable’s £3.9bn Business Bank may not meet the needs of UK businesses, according to critics who are saying that it will fail to address the “finance gaps” that constrain the growth of small companies. Read more

The UK’s house prices were driven to another record in June, mainly fuelled by prime property buyers pouring money into London, where hot spots such as Wandsworth, with average house prices at £447,888, are emerging. Read more

The outlook for the UK banking industry has been upgraded from ‘negative’ to ‘stable’ by credit ratings agency Moody’s, for the first time since May 2008, reflecting the country’s increasingly stable economic outlook. Read more